Internal Revenue Service

Under a perverse interpretation of federal law, tax-exempt nonprofit organizations supposedly devoted to “social welfare” can spend large amounts of money to influence elections without publicly disclosing the identities of their donors. But instead of cracking down on the use of “dark money” for political purposes, the Internal Revenue Service has decided to stop requiring these groups to reveal even to the government the sources of their funding.

On Monday, the IRS and the Treasury Department announced they would no longer require 501(c)(4) groups — named after a provision of the tax code — to supply the government with the identities of donors who gave more than $5,000 in a...

Related "Internal Revenue Service" Articles

Under a perverse interpretation of federal law, tax-exempt nonprofit organizations supposedly devoted to “social welfare” can spend large amounts of money to influence elections without publicly disclosing the identities of their donors. But instead of...

Q: I want to retire at 56 and live off my 401(k) savings until Social Security at 62. I can take from my 401(k) without the tax penalty since I’ll be over 55, but I have to take it out all at once and pay all the taxes. If I roll it over to an IRA, can...

President Trump's appeasement summit with Russian President Vladimir Putin in Helsinki brought to mind a nationally televised, evening confab that President Richard Nixon had with newspaper editors at the Contemporary Hotel at Walt Disney World on...

Q: I have my own business with no other employees. Can I have my own 401(k)? — name withheld
A: You sure can. In a solo 401(k), aka “solo k” or “individual k,” you can defer 100 percent of your income up to the IRS contribution guidelines, plus add a...

Q: Is it wise to keep your IRA in the stock market when you are in your 70s? — J.A., Clermont
A: Although not a smooth ride, it is the stock market that produces above inflation expected returns over time. Even being in your seventies, you should still...

Paychecks have been a bit fatter this year for most workers because of the $1.5 trillion tax cut approved by Congress, but it’s a good idea to double check that the right amount of tax is being taken out, Central Florida financial planners say.
An...

Months after Agape Christian Academy was yanked from the state’s voucher programs, the private school in Pine Hills continues to flounder, racking up debt and struggling to keep the water and air-conditioning running.
The school’s hopes for getting...

Americans aren't terrific at saving for retirement. Many are even worse when it comes to figuring out how much to spend once they get there. An actuary who's studied the issue for three decades recently proposed a relatively straightforward strategy...

I’m ticked off that I just got another call from the IRS. about my taxes; which are done by an experienced CPA. These calls are absolute nonsense and everyone needs to be aware of the scam. The IRS will never ever contact anyone by phone. Tell the lowlife...

Three decades after his PTL empire near Charlotte crumbled amid financial and sex scandals, Jim Bakker is back on TV with a different, darker message:The Apocalypse is coming and you'd better get ready.But the main mission of "The Jim Bakker Show"...

Partisans tend to read, watch and listen only, or mostly, to information and opinions that reinforce their beliefs. If information surfaces that counters those beliefs, it is usually disparaged, excused or ignored. That's human nature.
Such is the case...

A federal judge sentenced Orlando attorney William B. Pringle III to three years in prison on Thursday for decades of tax evasion, noting that he was well-versed in tax law.
U.S. District Judge Roy Dalton handed down the sentence as Pringle’s family and...

An Orange County circuit court judge on Monday ordered Maitland entrepreneur Bryan Brewer be jailed on contempt charges related to a $10 million judgment for failing to repay a Russian agriculture executive.
The founder of Orlando flight school TraxAir...

As Puerto Rico continues to suffer from an anemic federal response to Hurricane María, Republicans in Congress celebrated the final passage of their tax bill, even though the legislation will sink the island further into economic depression. Republicans...

President Donald Trump has signed a spending bill to avoid a government shutdown and keep the federal government running through Dec. 22. The president signed the two-week spending bill at the White House after the House and Senate acted to prevent a...

Q: I am 68, receive a pension, and work part time as a consultant. Should I pay taxes quarterly on the income I make? — R.P., Longwood
A: The IRS requires you pay estimated taxes quarterly on any self-employment income. Since you receive a pension, you...

At a National Prayer Breakfast shortly after taking office, President Trump pledged to end political limits on churches. With the U.S House of Representatives and Senate poised to vote on legislation that would rewrite much of the federal tax code,...

I consider myself a calm, level-headed guy. I’m not a conspiracy buff. I certainly don’t stand on street corners shouting to passersby that the sky is falling.
So it’s out of character for me to declare so emphatically that churches, synagogues, mosques,...